1041 Fiduciary 24-3.4F

Pending releases

Release date: 2/28/2025
  • Added an option to print ERO date for Form 8879-F and 8879-TE.
  • Added the
    Form 4136
    , Statement supporting fuel tax credit (FTC) computation -1.
  • Released
    Form 4255
    , Certain Credit Recapture Excessive Payments and Penalties.
Form 3800
is released with the following limitations:
  • E-file is available for Form 3800 if Part VI is not used in a return.
  • The columns for applied against tax and carryover to next year won’t populate. Override as needed.
  • For facility credits are not taking into account any transfer or EPE registration numbers. This will be updated on a future release to pull in on a facility by facility basis instead of a summary basis.
  • Part VI won’t e-file at this time. A binary attachment is required until the IRS updates their schema. This information was found on the IRS Known Issues and Solutions website.
  • Credit utilization is not released yet. It will be available on a future release.
  • Calculation carryover revision: For 2025, we are pulling in prior year suspended losses into parts IV and VI from Form 8582-CR. The carryover schedules will only be used for non-passive carryovers. If your carryover schedules include passive numbers from the prior year that are covered by Form 8582-CR prior year-suspended losses, you will need to make an adjustment so the amount is not double counted.
  • There is a hyperlink on top of pages 3-9 that will take you to workpapers where you can override for parts V and VI.
  • If there is a single row on the grid, the credit won’t print on parts V and VI (instead it goes directly to parts III or IV).
  • If you add a line be sure to include the Line Number since it's the line number field that determines if data transfers to parts V and VI or straight to parts III and IV.
Federal forms not available:
  • Form 3468, Investment Credit
  • Form 5884, Work Opportunity Credit
  • Form 6765, Credit for Increasing Research Activities
  • Form 7207, Advanced Manufacturing Production Credit
  • Form 7210, Clean Hydrogen Production Credit
  • Form 7211, Clean Electricity Production Credit
  • Form 7213, Nuclear Power Production Credit
  • Form 7218, Clean Fuel Production Credit
  • Form 8582-CR, Passive Activity Credit Limitations
  • Form 8586, Low-Income Housing Credit
  • Form 8835, Renewable Electricity Production Credit
  • Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships (including all Schedules and Forms under 8865)
  • Form 8933, Carbon Oxide Sequestration Credit

State

We updated or corrected the following:
Colorado
: Updated print alignment for Colorado 5227 returns.
Montana
:
  • Corrected an issue that prevented lines 8 and 10 of the Montana FID-3 from being negative.
  • Corrected an issue that didn't allow overpayment to be applied to the next year estimates for Montana.
Nebraska
:
  • Updated print so that Nebraska Form 1041N Schedule K-1N now prints correctly.
  • Updated print for Nebraska 1041N-V Payment Voucher so that it no longer prints when there is no payment due.
Oregon
: Updated Oregon Business Rule number 0027.
Pennsylvania
: Updated Pennsylvania Schedule E, line 17, Depletion print.
South Carolina
: Corrected the condition for generating validation errors on SC1041 Page 2 Part II line 1i.
Rhode Island
: Updated the print so that the EIN correctly prints on Schedule W.
Vermont
: Updated account type for Vermont Estimate to match the Federal bank information.
Virginia
: Updated the e-file browser display to show the creation date for Virginia Estimates.
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